AT1s are designed to absorb losses when banks collapse.
But in the recent banking turmoil, there was a total wipeout of Credit Suisse’s notes, triggering a volatility in the market with few banks willing or able to sell new notes.
Now - will Asian bank continue to issue AT1s after this banking chaos?
And will Singapore's banks likely to issue AT1s this year?
On Money in the Market, Hongbin Jeong speaks to Rena Kwok, Credit Analyst, Asian Financials, Bloomberg Intelligence to find out more.